THE OTHER IPO WINNERS The other day I went to my stockbroker to transact some biz (no not to buy KENGEN shares). I was surprised the queue and extra staff to handle the new IPO buyers. It struck me that the brokers are going to come out of this IPO thrice lucky: 1. They get to earn a Commission for all the shares bought through them.
2. They get to trade for 24 days on your money before handing it to KCB (receiving Bank). With a large sum of money you can do a lot e.g. Overnight Lending.
3. When the excess funds are refunded on May they can convince the “New Shareholders” to buy more shares and make more commissions